Binance Seeks Reduced U.S. Oversight, Exploring Deal with Trump-Linked Venture

Crypto exchange Binance is seeking to lessen U.S. regulatory scrutiny while potentially entering into a business partnership with World Liberty Financial, a venture linked to former President Donald Trump. Binance officials met with U.S. Treasury representatives to propose reducing oversight of their compliance efforts for anti-money laundering laws, according to the Wall Street Journal. Details about this potential deal are being kept under wraps but sources close to discussions revealed that Binance is considering listing USD1, a stablecoin launched by World Liberty Financial, on their exchange. This partnership could benefit Trump’s family financially as USD1’s circulation grows, offering significant revenue opportunities.